OPEN INTEREST (In million) | ||||||
Underlying | 19-Apr | 18-Apr | 17-Apr | 13-Apr | 12-Apr | 10-Apr |
Nifty | 49.09 | 47.80 | 47.13 | 46.89 | 47.81 | 46.38 |
RIL | 20.46 | 22.23 | 22.95 | 22.64 | 23.72 | 20.90 |
ACC | 7.76 | 7.08 | 7.23 | 7.20 | 7.79 | 7.10 |
Tata Steel | 18.57 | 18.05 | 16.98 | 16.75 | 17.14 | 17.40 |
India Cements | 24.04 | 24.42 | 24.62 | 24.58 | 25.08 | 22.39 |
Satyam Computer | 13.02 | 13.01 | 13.56 | 15.27 | 14.38 | 11.78 |
Guj Amb Cem | 54.32 | 52.91 | 54.00 | 52.45 | 52.99 | 52.44 |
Total | 1225.04 | 1210.09 | 1192.38 | 1193.32 | 1221.13 | 1173.01 |
Strong long OI build up was seen in Kochi Refineries (21%), Essar Oil (13%), IOC (10%), J&K Bank (41%), Dr Reddy (12%), Grasim (14%), GAIL (10%), IOB (14%), NDTV (10%) and Sterlite Ind (13%). The stocks are likely to rally in the coming sessions.
Profit-booking was seen in CNXIT (-7100 shares) and in IT stocks like Infosys (-5%) and TCS (-7%). LIC Housing Finance (-2.18 lakh shares), ONGC (2.90 lakh shares) and Reliance Energy (-3.94 lakh shares), too, witnessed profit-booking as OI have declined.
The cost of carry (CoC) has also turned negative in TCS, and one must avoid going long at current levels.